Source: CryptoNewsNet
Original Title: On Thin Ice: Crypto Daybook Americas
Original Link: https://cryptonews.net/news/analytics/32077784/
The crypto market mood remains somber, with bearish analyst projections circulating amid price weakness. Bitcoin’s bounce from Monday’s dip below $84,000 stalled near $87,000, while major altcoins including XRP, ETH, SOL and DOGE continue to press near their Monday lows.
The CoinDesk 20 and CoinDesk 80 Indices have added less than 1% in the past 24 hours.
“This is a dangerous lull following downward momentum, with the risk of reverting to a sell-off at any moment,” said Alex Kuptsikevich, the chief market analyst at FXPro, who noted that the market cap is just below $3 trillion. “All attention is now focused on whether the bulls in the crypto market will be able to defend the late November lows near $2.83 trillion,” he said.
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On Thin Ice: Crypto Daybook Americas
Source: CryptoNewsNet Original Title: On Thin Ice: Crypto Daybook Americas Original Link: https://cryptonews.net/news/analytics/32077784/ The crypto market mood remains somber, with bearish analyst projections circulating amid price weakness. Bitcoin’s bounce from Monday’s dip below $84,000 stalled near $87,000, while major altcoins including XRP, ETH, SOL and DOGE continue to press near their Monday lows.
The CoinDesk 20 and CoinDesk 80 Indices have added less than 1% in the past 24 hours.
“This is a dangerous lull following downward momentum, with the risk of reverting to a sell-off at any moment,” said Alex Kuptsikevich, the chief market analyst at FXPro, who noted that the market cap is just below $3 trillion. “All attention is now focused on whether the bulls in the crypto market will be able to defend the late November lows near $2.83 trillion,” he said.